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In the framework of a critical illustration of the contemporary history of economics, this chapter discusses post-Keynesian macroeconomics: the Cambridge tradition and the new Cambridge school. Some of the main protagonists are considered separately: Kalecki, Kaldor Kahn, Joan Robinson and others. The debate on the interpretations of Keynes is then recalled, as well as the debate on the theory of capital and the critique of the marginalist value theory. Kaldor’s and Pasinetti’s post–Keynesian (or ‘Cambridge’) theory of distribution is then illustrated, as well as the developments of the different ‘Sraffian schools’ with the aim of constructing a renewed classical approach. In this direction, some suggestions for a classical–Keynesian synthesis are provided.
Ezra Pound has influenced many poets in many ways, both during his lifetime and posthumously. He brought great influence to bear upon his peers about how poetry should be written, establishing and broadcasting the tenets of poetic modernism in English, offering models for how poems could be both far shorter and far longer at the same time as achieving greater focus and covering a broader range of subject than the pre-modernists imagined. Pound’s interventions around T. S. Eliot’s verse offer the most direct example of that influence. Despite acknowledging that Eliot, uniquely among American writers, ‘had actually trained himself and modernized himself on his own’ (SL 80), Pound worked extensively on Eliot’s work, perhaps most directly in the transition between Eliot’s Poems (1920) and The Waste Land (1922), which saw Eliot initially interpreting Pound’s Imagist concision in Poems, through their shared interest in Théophile Gautier, before adopting a more expansive Poundian ideogrammic method in The Waste Land.